Course Economics of Construction - free course from the Russian School of Management, training 16 hours, date of November 29, 2023.
Miscellaneous / / December 01, 2023
A specialized training program has been developed for comprehensive advanced training of specialists from development and investment companies. Experts from the Russian School of Management will explain how to make a technical and economic assessment of a project and talk about the methodology for budget formation project, will help you learn ways to optimize direct construction costs, and will familiarize you with the procedure for holding tenders to select contractors works The training will be interesting to a wide range of audiences, to all those who want to understand the principles of determining the value of the future construction site and understand the intricacies of choosing the most economical technical and organizational options decisions.
An expert in the field of investment and construction projects, he has practical experience in senior positions in development companies.
Effective cost planning for a construction project during a crisis
• Crisis phenomena in the construction industry. Dynamics and trends in the development of the construction industry in times of crisis. Features of construction as an industry. Industry dynamics and trends in times of crisis. Competition in the construction market: who will remain. Restructuring of companies. Risks of construction projects and conditions of uncertainty. How to avoid overwhelming stress: choosing projects.
• Pre-investment Assessment of a construction project. The concept of cost estimation taking into account the life cycle of a construction project. Project cost diagram. Analysis of the effective use of land, development of the Project concept. Analysis of investment opportunities and economic feasibility of the Project. Modeling of investment risks.
• Project cost planning.
• The main methods of estimating costs: preliminary, factorial, approximate, final, actual.
• Cost planning using the “top-down” method: from the cost of analogue objects to the cost of elemental indicators of the cost of resources.
• Cost planning using the “bottom-up” method: from the cost of resources to the cost of the object.
• What does the estimated cost of a capital construction project mean? What does it consist of? What is the connection with cost planning for the Project?
• Drawing up a construction project budget with an increasing degree of accuracy.
• Workshop: Preliminary cost assessment of the Project (costing).
• Planning the cost of design and survey work. Types of survey work. How to determine the scope of survey work. Estimation of the cost of survey work using the Collections of basic prices using an example. Development of project documentation. Initial data. Composition of sections of project documentation. Estimation of the cost of design work. Methods for calculating design costs.
• Workshop: An example of calculating the cost of designing a housing and civil facility.
• Workshop: An example of calculating the cost of designing a linear object.
• Calculation of construction costs based on analogous objects. Initial data for calculation. Integrated construction price standards. Construction cost guides.
• Workshop: Example of cost calculation based on an analogue object.
• Calculation of the cost of housing construction projects.
• Calculation of the cost of Social Facilities.
• Calculation of the cost of construction of utility networks.
• Calculation of the cost of road construction and improvement.
• Cost calculation for construction and installation works (construction and installation works). The concept of individual prices for construction products. Direct and indirect costs as part of construction and installation work, methods for optimizing costs. Standard prices and market value of work.
• Workshop: Preparation of cost calculations using the resource method per unit of construction products.
Financial and construction audit as a tool for monitoring the targeted, lawful and effective use of funds
• Statement of the task: conducting a financial and construction audit of the Project.
• Audit of initial permitting and design documentation.
• Capital expenditure budget audit.
• Audit of construction volumes.
• Audit of actual costs with planned budget cost items.
• Audit of the intended use of funds.
• Audit of initial permitting and design documentation.
• Checking the set of documents required to obtain permission to carry out urban planning activities (pre-design activities, engineering surveys, design, construction).
• Basic violations of urban planning activities and norms providing for liability for violations.
• Workshop: Analysis of articles of the Classifier of violations of urban planning activities identified during state financial control.
• Capital expenditure budget audit.
• Peculiarities of pricing in construction: the individual nature of construction products - the individual price of the object.
• Construction cost structure: direct and indirect costs, cost of materials, wages of workers, overhead costs and estimated profit.
• Supply of materials by the Customer (supplied raw materials). The procedure for the relationship between the Customer and the Work Contractor.
• Standard prices and market value of work: finding a compromise between the Customer and the Contractor.
• Audit of the estimated cost of the project, taking into account specific construction technologies and prices prevailing in the construction market of the corresponding region.
• Audit of the budget of a construction project: checking the validity and reliability of determining the cost of construction according to budget items.
• What the Treasury can check when executing government contracts.
• Criteria for validity (economic feasibility) and documentary evidence for inclusion in the cost of construction.
• Workshop: Drawing up cost calculations for the production of construction products using the resource method.
• Audit of completed construction volumes.
• Checking the scope of work performed according to working documentation.
• Checking the availability and correctness of filling out the as-built documentation.
• Checking the completed volumes of work according to the reporting accounting documents (Acts KS-2) for compliance with the actual volumes of work.
• Application of the earned value method to evaluate construction in progress.
• Audit of actual costs with planned budget cost items.
• Checking the availability and degree of development of the project budget.
• Checking actual costs according to accounting documents for compliance with budget items. Accounting and management accounting.
• Unjust enrichment. Refunds to Customers under Government Contracts based on state financial control checks. .
• Workshop: Budget classifier of a construction project.
• Audit of the intended use of funds.
• Checking compliance with current budget and tax legislation: compliance of completed business transactions with legal requirements.
• Checking the use of funds according to reporting accounting documents (Acts KS-2) for compliance with cost items determined by the budget.
• Major violations of the intended use of funds and rules providing for liability for violations.
• Workshop: analysis of articles of the Classifier of violations of the intended use of funds identified during state financial control.